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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Performance

Steady hands: Permanent Fund managers oversee continued recovery

Posted on 07 February 2011

From Newsminer.com: The Alaska Permanent Fund Corp.’s steady approach after the financial meltdown in 2008 is paying dividends, literally. The corporation noted last week that the fund earned a return of 14.5 percent on its investments in the first half of the 2011 fiscal year. As of Dec. 31, the fund’s value was $38.4 billion.
As a result, the fund has recovered much of the value it lost when the global economy went into a tailspin in mid-2008. The fund’s value had crested at about $40 billion in 2007……………………………………….Full Article: Source

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